Prize Bond Schedule for 2025 Announced by National Savings Division

Pakistan's National Savings Division has announced its Prize Bond draw schedule for 2025, providing a convenient calendar for those who invest in this popular scheme. The announcement comes as the December 2024 Rs200 Prize Bond draw has concluded, offering a first prize of Rs750,000.

The Prize Bond, which attracts a wide range of investors, will have four draws this year, with dates set for January 15, April 15, July 15, and October 15. The draws will take place in Karachi, Peshawar, Rawalpindi, and Muzaffarabad, respectively. The National Savings Division is also responsible for allowing winners to claim their prizes from designated branches, meaning participants have access to trusted facilities for withdrawing their winnings.

As the Prize Bond system provides regular draws throughout the year, participants are reminded to stay informed about upcoming draws and results. This should ensure they don't miss out on the chance to win life-changing amounts. The National Savings Division's announcement also serves as a heads-up for potential winners who are hopeful of claiming their prizes this year.

In a separate development, the State Bank has announced a separate deadline for the redemption of national prize bonds. Investors in denominations of Rs7,500, Rs15,000, Rs25,000, and Rs40,000 should note that December 31, 2024, is the last day for this enabling them to redeem these bonds. After this date, redemption can only be done at the State Bank, Banking Services Corporation, and commercial banks, as a way of handling outstanding bond commitments.

Investors who fail to redeem their bonds within the stipulated timeframe will be disappointed, and must ensure they plan ahead when addressing this date. Those who encounter any issues should follow the established procedures to seek assistance to avoid further complications.